999-1015 Fairfield Road
Yeerongpilly, QLD 4105

Overview

999-1015 Fairfield rd, YEERONGPILLY QLD 4105

This property at 999 - 1015 Fairfield Road, Yeerongpilly, is being presented for sale for the first time in 35 years via a public auction scheduled on-site at 11:00 am on 13th December 2022 (AEST). It is an established industrial development comprising seven units, strategically located on Fairfield Road near the intersection with Sherwood and Muriel Avenue, and just meters from the Ipswich Motorway on and off ramps.

The development features a range of small industrial units varying in size from 271 square meters to 590 square meters. The property offers potential income opportunities from signage and is suitable for investors seeking a high-yielding return. Buyers have the option to purchase the entire strata or hold the property as a single line, subject to council approval (STCA).

• Unit 999A: Vacant, 590 square meters
• Unit 999B: Billiards tenancy, 533 square meters, month-to-month lease
• Unit 999C: Mechanical tenancy, 321 square meters, month-to-month lease
• Unit 1003: Vacant, 271 square meters
• Unit 1007 (part of 999-1015 Fairfield Road): 437 square meters, leased at $35,000 gross plus GST
• Unit 1009 (part of 999-1015 Fairfield Road): 329 square meters, leased at $39,480 plus outgoings and GST
• Unit 1015: 471 square meters, vacant with no income

The total net lettable area (NLA) of the property is approximately 2,952 square meters, situated on a land area of 5,344 square meters zoned for general industry. The current annual receivables from leases amount to $167,409 plus outgoings and GST.

This property is being sold on the day of auction on an 'as is, where is' basis. It presents a unique opportunity for owner-occupiers, investors, or those looking to refurbish or reposition the asset within a well-established industrial precinct.

Location